(ANSA-AFP) - BRUSSELS, FEB 10 - The European Parliament and
member states reached an agreement early Saturday on reforms to
EU budgetary rules aimed at boosting investment while keeping
spending under control. The text modernises the current rules,
known as the Stability and Growth Pact, created in the late
1990s, which limit countries' debt to 60 percent of gross
domestic product and public deficits to three percent.
"The new rules will enable EU countries to invest in their
strengths while consolidating their public finances. This is our
common growth path," she added. (ANSA-AFP).
EU reaches agreement on spending rules
Aimed at boosting investment, keeping spending under control